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Listed by Richard Valdez • Valdez Realty
$1,775,000
Est. payment /mo
8,304 Sqft Lot
Active
1201 W Verdugo AVE Burbank, CA 91506
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR24052054
Year Built 1953
Lot Size 8,304 Sqft
Source California Regional MLS
Property Description
5-unit Apartment building with 4,337 living sq/ft located on an 8,304 sq/ft corner lot, located in a desirable area of Burbank. New Kitchen counters and New windows installed. Each of the 5 units has 2 bedrooms and 1 bath. Surrounded by a significant number of residential homes. Rents are significantly below market value, which create a opportunity to have significant improvement of rental income over the years. Some kitchen flooring has ceramic tile or Vinyl tile flooring. The living rooms and bedrooms have original hardwood floorings, with the exception of one unit having carpet on top of its hardwood flooring. The kitchen counters are made of ceramic tile. There are 3 garages, a 1-car garage, and two 2-car garages. ABS sewer line and copper main water line. The composition shingle roof is about 12 years old. The building is located just 1 block away from George Izay Park, which has kid's playgrounds, courts for basketball, baseball, and tennis courts. Seller will not Carry. About 1 mile for access to the 5 fwy and the 101 fwy.
Location
State CA
County Los Angeles
Area 610 - Burbank
Rooms
Kitchen Garbage Disposal
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces
Garage Spaces 7.0
Pool 31, None
View None
Roof Type Composition
Building
Foundation Concrete Slab
Water District - Public
Others
Tax ID 2446030007
Special Listing Condition Not Applicable
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